EU's Russia crude oil price cap to be USD 44.10/bbl from February 1st
The EU's decision to set a crude oil price cap at $44.10 per barrel starting February 1st signals a significant geopolitical maneuver aimed at curbing Russian oil revenues.
Iranian Official says US President Trump informed Iran he does not intend to attack, via Dawn
French President Macron aims to strengthen the military with a EUR 36bln increase in spending by 2030, including a EUR 3.5bln increase for 2026
EU's Russia crude oil price cap to be USD 44.10/bbl from February 1st
Turkish Foreign Exchange Reserves (Jan/09) 79.35B (Prev. 74.56B )
US President Trump posts "This is good news. Hopefully, it will continue!", in reference to "FoxNews: Iranian protester will no longer be sentenced to death after President Trump’s warnings"
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This cap could impact global oil supply dynamics, potentially leading to price volatility in WTI and Brent, while also influencing USD and EUR exchange rates in global markets as traders adjust to new price realities.
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